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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
SpiceJet shares slump nearly 8% on fresh financial worries

21-01-2015| Source:PTI

Shares of SpiceJet today tumbled nearly 8 percent after Mumbai Airport asked the budget carrier to immediately pay the pending dues of Rs 5 crore and provide a bank guarantee of Rs 15 crore.

Mumbai Airport asks SpiceJet to clear dues

21-01-2015| Source:PTI

Mumbai Airport on Tuesday asked budget carrier SpiceJet to immediately clear its dues amounting to Rs 5 crore and provide bank guarantee of Rs 15 crore, an issue the airline claimed has been "

Pro-SME measures taken in Telangana new industrial policy

15-01-2015| Source:SME Mentor

The new policy will also have a state government-level credit guarantee scheme, he said, adding the government would like to work out a system wherein it is able to guarantee each and every SME

Alok Industries soars 7%, gets $250 mn from SBI under EPBG

14-01-2015| Source:Moneycontrol.com

Moneycontrol BureauShares of Alok Industries soared 7 percent intraday Wednesday on fund infusion. The company has got USD 250 million under Export Performance Bank Guarantee (EPBG) from SBI

Ajay Singh, partners give plan to infuse $200mn in SpiceJet  

08-01-2015| Source:PTI

is now operating about 200 flights a day, is also believed to have renewed its bank guarantee to Airports Authority of India (AAI). Sources said that the indications are positive so far and the government

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